CK Hutchison: Port Deal Unlikely to Be Completed This Year
According to a report by Jinse Finance, at the interim results analyst briefing of CK Hutchison Holdings (00001.HK), the management stated that the sale of its port business is subject to different considerations by regulatory authorities in various countries. The company has previously indicated that no transaction will proceed without obtaining approval from all relevant regulatory bodies and departments. Currently, the deal has entered a new phase, such as inviting major mainland investors to join the discussions, in hopes of securing all necessary regulatory approvals. However, it is expected that the process will take longer than originally planned, and the transaction will not be completed in 2025. (Every Economic Daily)
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